Silver Oak Securities Incorporated Sells 2,523 Shares of International Business Machines Corporation $IBM

Silver Oak Securities Incorporated decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 25.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,265 shares of the technology company’s stock after selling 2,523 shares during the period. Silver Oak Securities Incorporated’s holdings in International Business Machines were worth $1,761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after purchasing an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA lifted its position in shares of International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after purchasing an additional 2,930 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in International Business Machines by 3.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after purchasing an additional 32,072 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in International Business Machines by 30.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after buying an additional 3,029 shares during the last quarter. Finally, Rice Partnership LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $3,317,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a potential industry milestone that could make AI chips smaller, faster, and more energy efficient. Investors are viewing the announcement as evidence that IBM remains an innovation leader in AI infrastructure and advanced computing. Article: Reuters
• Positive Sentiment: Several reports highlighted IBM’s new 0.7nm “nanostack” chip architecture, with claims of materially better performance and energy efficiency. That kind of technical progress can improve IBM’s long-term growth narrative, especially around AI and high-performance computing. Article: PR Newswire
• Positive Sentiment: JPMorgan reportedly upgraded IBM, citing stronger software growth prospects. Analyst upgrades can support the stock by reinforcing expectations for better earnings quality and recurring revenue growth. Article: Insider Monkey
• Positive Sentiment: IBM also drew attention after its OpenAI cybersecurity partnership, which investors may see as a catalyst for growth in enterprise AI and security services. Article: Barchart
• Neutral Sentiment: Some coverage noted that the new chip technology is still several years from commercial production, which may temper near-term enthusiasm even if the long-term story is stronger.

International Business Machines Stock Down 1.8%

Shares of IBM opened at $258.36 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The company has a 50-day moving average price of $253.31 and a two-hundred day moving average price of $267.23. The stock has a market cap of $242.83 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.72 and a beta of 0.67. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. Equities analysts predict that International Business Machines Corporation will post 12.39 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio is currently 59.77%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. Susquehanna initiated coverage on International Business Machines in a report on Tuesday. They set a “neutral” rating for the company. Oppenheimer lowered their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Finally, HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and increased their price target for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $306.94.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.